CES-Queen (Vic) (CESQ)

Chip Eng Seng exits Tower Melbourne project with $56.6 mil sale

SINGAPORE (Mar 15): Chip Eng Seng is making a clean break from the Tower Melbourne project in Australia.

Wholly-owned subsidiary CES-Queen (Vic) (CESQ) is selling the property located at 150 Queen Street for A$55 million ($56.6 million).

CESQ had originally acquired the commercial building in September 2011 for redevelopment into a 71-storey tower with 581 freehold residential units called Tower Melbourne.

Be informed of the stories that matter